Three cement stocks that have doubled in one year
DSIJ Intelligence / 24 Oct 2016
Even as broader markets struggled to gain in double digits, three cement stocks have more than doubled in one year time frame. Kakatiya Cement Sugar & Industries Ltd.,(KCSI), Shiva Cement Ltd., and Deccan Cements Ltd., are the three stocks that have gained more than 100 per cent in one year time frame.
With infrastructure development in full swing in India, the Cement sector stands to gain by the pent-up demand for cement in India. Markets have performed well over past one year with Sensex delivering approximately 2.90 per cent over a one year period and almost 7.50 per cent on YTD basis.
Even as broader markets struggled to gain in double digits, three cement stocks have more than doubled in one year time frame. Kakatiya Cement Sugar & Industries Ltd.,(KCSI), Shiva Cement Ltd., and Deccan Cements Ltd., are the three stocks that have gained more than 100 per cent in one year time frame.
From Oct-15 to Oct-16 period KCSI has gained almost 226 per cent, Shiva Cement Ltd. -147 per cent and Deccan Cement-128 per cent.
The other cement stocks that did well by generating more than 50 per cent returns over one year are Shree Digvijay Cement Company Ltd., Ramco Industries Ltd., OCL India Ltd., Burnpur Cement Ltd., Sainik Finance & Industries Ltd., Century Textiles & Industries Ltd., Heidelberg Cement India Ltd., Mangalam Cement Ltd., and Barak Cement Ltd.
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